SINGAPORE: Middle East crude benchmarks were little changed on Tuesday with Dubai underpinned by Total's purchases although medium-sour grades remained subdued by weak fuel oil margins and ample supply.
BAHRAIN: BAPCO has sold a cargo of Banoco Arab Medium crude loading in March at a wide discount of about 40 cents a barrel above its official selling price to a trading company, trade sources said.
BAPCO also sold last week a February-loading cargo via a tender, although details such as the price and buyer were not immediately known.
QATAR: Qatar Petroleum has sold five cargoes of al-Shaheen loading in March at lower premiums, down from more than 2-year highs seen in the previous month, trade sources said.
The producer sold the cargoes at an average premium of 83 cents above Dubai quotes, they said.
Chinaoil bought three cargoes while Reliance and JXTG took one each.
The cargoes of 500,000-600,000 barrels each are to load on March 8-9, March 23-24, March 26-27, March 28-29 and March 29-30.
QP last sold two February-loading cargoes to Reliance at an average premium of 93 cents a barrel, the highest premium in more than two years.
UAE: More details emerged for Taiwanese refiner CPC's tender. It bought two March-loading Upper Zakum cargoes at premiums of 60-70 cents above Dubai quotes.
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